Learning & Development specialists, Tax Managers, Life Science Research & Development professionals and Big Data Engineers are just four of the professionals in demand as we welcome a more active jobs market in 2014, says recruiting experts Hays in China.
According to the recruiter’s latest Hays Quarterly Hotspots list of skills in demand, there are still clearly pockets of skills shortages, most notably in human resources, accountancy, life sciences and IT.
“China is expecting economic growth of 7.5 per cent in 2014, the same as for 2013, and job opportunities continue to be available for skilled and experienced professionals,” says Simon Lance, Regional Director of Hays in China.
“We expect to see new openings in the first quarter as a result of new business requirements and a large amount of replacements. There will be more people movement after the Chinese Spring Festival when most employees receive their annual bonus.
According to Simon another trend is the willingness of employers to seek talent from Hong Kong or overseas in response to domestic skills shortages. “Those people with high-level skills will be in particularly high demand,” he said. “Such candidates are already looking to change jobs to improve their prospects and career development.”
A selection of skills in demand from the Hays Quarterly Hotspots for January to March 2014 follows:
- Tax Managers – Due to the changing government regulations, tax functions have become a more critical element for multinational corporations looking to maximize their profits. Most multinational companies will hire such professionals to communicate with the tax bureau, minimize tax risk and reduce unnecessary tax payments.
- Branch General Managers – Local branch GMs are very important when a foreign bank wants to upgrade a representative office to branch level. These managers have a solid understanding of local regulations and can assist in the smooth operation of foreign banks in local China. Ideally the GM will have extensive work experience in both institutions and banks.
- Senior Relationship Managers – Because of the credit line, foreign banks are not competitive with Chinese banks when dealing with state owned enterprises (SOEs). Their advantage lies in their contacts with overseas businesses. Senior RMs who focus on SOE clients from the energy and agribusiness sectors, and have good understanding of syndication loans, debt issuance, overseas M&A and other investment banking products are hot candidates.
- Admissions and Marketing Managers – These professionals are still in strong demand in the higher education sector as there are an increasing number of new schools entering China for joint-venture collaborations.
- Core Java and C++ (Linux) Engineers – International firms continue to invest in these areas as China remains an attractive location for the cost efficient delivery and performance of critical server technology.
- HR Business Partners – This role is always in high demand, particularly with multinational companies that have a well-developed HR structure. They require HR to have strong business acumen and to know the business well, enabling them to work closely with the internal stakeholders to provide HR solutions and consultation. Hence, companies usually prefer candidates from a similar industry background.
- Learning & Development specialists – These roles are not just limited to training but also organisational development. More and more companies are stressing the importance of talent management, leadership and organizational development to enhance their employee value proposition (EVP) and retain key talent. As a result, these candidates can reduce the cost of new hiring and are consequently in high demand.
- Big Data Engineers – These specialists are in demand due to the increasing importance of deep data analytics.
- Sales professionals – Due to the current downturn in the manufacturing industry in North China many companies want to find new areas of growth and are seeking out good sales people who can find them new business.
- Drilling Engineers – This role is in demand as there is still a significant number of shale gas and unconventional oil projects to be further explored.
- E-Commerce and Digital Marketing professionals – China has a vast number of consumers that belong to generation Y where online purchasing and online marketing influence is the norm. Hence the great demand for E-Commerce and Digital Marketers.
For the full list of skills in demand, please view our Hays Quarterly Hotspots.
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide.
Hays Specialist Recruitment (Shanghai) Co., Limited ("Hays China") operates across the public and private sector, dealing in permanent positions. Hays China’s eighteen specialisms span Accountancy & Finance, Banking, Architecture, Construction, Education, Engineering, Executive, Finance Technology, Human Resources, Hays Resource Management, Information Technology, Insurance, Life Sciences, Manufacturing & Operations, Oil & Gas, Property and Sales & Marketing.
Hays China operates four local offices in Shanghai, Beijing, Suzhou and Guangzhou. It is the local representative office for Hays plc, which is a global company with more than 7,840 staff operating from 239 offices in 33 countries across 20 specialisms.
Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.